The Journal of Real Estate Finance and Economics
Volume 11, Issue 1, Article 6 (Abstract)
Title:	The Welfare Effects of a Subsidy to Multiple Listing Services
Author:	Martin Sefton and Abdullah Yavas
Abstract:	We show that the gain in consumer surplus resulting from subsidizing a Multiple Listing Service may exceed the cost of the subsidy. Thus a subsidy financed by taxing the consumer may be Pareto- improving. We give general conditions for this to hold.
Keywords:	Subsidy, MLS, welfare, Pareto-improvements